Clarivate Plc , a global provider of information and insights to accelerate the pace of innovation, has announced that it has acquired Bioinfogate, a provider of analytics solutions in the life sciences and producer of the OFF-X™ portal. Financial terms of the transaction were not disclosed.
Mukhtar Ahmed, President, Science Group, Clarivate, said,”The acquisition of Bioinfogate will further our strategy to become an essential provider of solutions for life science companies along the entire drug development lifecycle. The combined expertise, data and technologies will help customers make smarter and faster evidence-based decisions, boost clinical and commercial success, and bolster our robust integrated platform of life science intelligence solutions from pre-clinical and clinical offerings. Ultimately, the acquisition will deepen the end-to-end value chain from R&D through commercialization and compensation.”
David Prous, Executive Director – Business Development, Bioinfogate, said, ”This acquisition will be important to life science firms who need to integrate, access and apply toxicity and adverse events intelligence across all phases of drug research and development. The integration of OFF-X into the Clarivate portfolio of products will further expand and accelerate the reach of critical drug efficacy and safety information to researchers around the world.”
Josep Prous, Ph.D., Executive Director – Science, Bioinfogate, said, ”We are pleased to initiate this synergistic combination of Bioinfogate’s safety intelligence platform with Clarivate science assets. This transaction will be crucial in advancing safety for patients participating in clinical trials and beyond while enabling the development of unique solutions for all those involved in the finding of better and safer drugs.”
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